Food Prices Continue to Drive Nigeria’s Headline Inflation Dynamics
Monday, 19 August 2024, 01:32
Food Prices Impacting Inflation
Food prices are persistently impacting Nigeria's inflation trends. January saw a significant uptick in inflation, now sitting at 29.90%. February witnessed a rise to 31.70%, indicating a troubling trajectory for the economy.
Monthly Inflation Rates
- January: 29.90%
- February: 31.70%
- March: 33.20%
- April: 33.69%
- May: 33.95%
These trends highlight the essential challenge facing consumers and businesses alike.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.